BSE tweaks circuit limit for Shipping Corporation, 30 others

Leading bourse BSE today revised the circuit limit for the share movement of Shipping Corporation of India and 30 other companies, as part of surveillance action.
The new limits, which ensure that stock prices do not go up or down beyond a level during a trading session, will be effective from Monday.
In a circular, BSE said that the prices of 13 companies including Shipping Corporation, Odyssey Corporation, Arshiya Ltd, Arrow Coated Products, Celestial Biolabs and Raj Rayon Industries cannot change by more than 10 per cent in a day.
Besides, the stock exchange has set a limit of five per cent for 18 firms including Dhoot Industrial Finance, Looks Health Services, Arvind Infrastructure, India Steel Works, Tirupati Industries India, Rathi Steel & Power, Rishi Techtex and Visagar Polytex.

"Trading members of the exchange are... Informed that the circuit filters has/have been changed from their existing levels in (31) scrips with effect from February 15, 2016," BSE said.